Spinnaker Trust Sells 1,531 Shares of Welltower Inc. (NYSE:WELL)

Spinnaker Trust lowered its position in Welltower Inc. (NYSE:WELL) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,175 shares of the real estate investment trust’s stock after selling 1,531 shares during the period. Spinnaker Trust’s holdings in Welltower were worth $3,929,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Creative Planning raised its position in Welltower by 2.3% in the 3rd quarter. Creative Planning now owns 165,077 shares of the real estate investment trust’s stock valued at $21,135,000 after purchasing an additional 3,682 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Welltower by 10.4% in the third quarter. Vontobel Holding Ltd. now owns 19,617 shares of the real estate investment trust’s stock valued at $2,512,000 after buying an additional 1,846 shares during the last quarter. Probity Advisors Inc. bought a new position in shares of Welltower in the third quarter valued at about $238,000. Bleakley Financial Group LLC grew its holdings in Welltower by 5.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 12,790 shares of the real estate investment trust’s stock worth $1,638,000 after acquiring an additional 611 shares during the last quarter. Finally, Marshall Financial Group LLC bought a new stake in Welltower during the 3rd quarter worth about $654,000. 94.80% of the stock is owned by institutional investors and hedge funds.

Welltower Stock Down 0.9 %

Shares of NYSE WELL opened at $150.03 on Friday. The stock has a market cap of $93.42 billion, a P/E ratio of 98.70, a P/E/G ratio of 2.83 and a beta of 1.23. The firm has a 50 day moving average price of $131.37 and a 200 day moving average price of $128.56. The company has a debt-to-equity ratio of 0.51, a quick ratio of 4.10 and a current ratio of 4.10. Welltower Inc. has a 52-week low of $87.87 and a 52-week high of $151.96.

Welltower (NYSE:WELL) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.73. Welltower had a net margin of 12.22% and a return on equity of 3.20%. Analysts expect that Welltower Inc. will post 4.3 EPS for the current year.

Welltower Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Tuesday, February 25th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Tuesday, February 25th. Welltower’s payout ratio is currently 176.32%.

Analysts Set New Price Targets

Several research analysts recently weighed in on WELL shares. Bank of America boosted their price objective on shares of Welltower from $190.00 to $221.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Mizuho upped their price target on Welltower from $136.00 to $141.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Jefferies Financial Group upgraded Welltower from a “hold” rating to a “buy” rating and raised their price target for the company from $132.00 to $147.00 in a report on Thursday, January 2nd. Scotiabank boosted their price objective on Welltower from $142.00 to $144.00 and gave the stock a “sector outperform” rating in a report on Monday, January 27th. Finally, Raymond James raised their target price on shares of Welltower from $145.00 to $155.00 and gave the company a “strong-buy” rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Welltower currently has an average rating of “Moderate Buy” and a consensus price target of $138.58.

About Welltower

Welltower Inc (NYSE:WELL), a real estate investment trust (“REIT”) and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people’s wellness and overall health care experience.